Oil and Gas Investing News » GRNO Reports Morgan Stanley Forecasts 2010 Oil to Reach $95 per Barrel

GRNO Reports Morgan Stanley Forecasts 2010 Oil to Reach $95 per Barrel

March 15, 2010 @ 9:48 pm In Oil & Gas Market News

Green Oasis Environmental Inc. (PINKSHEETS: GRNO) announced that Morgan Stanley has provided a 2010 West Texas Intermediate oil forecast of $95 per barrel by December 2010.

The press release is quoted as saying:

If Morgan Stanley's forecast is correct, Green Oasis Environmental Inc. would experience a significant increase in per barrel and overall revenue. Green Oasis is currently providing a Year End 2010 revenue forecast of $8.5 million based on $60 per barrel of oil.

Click here to access the entire press release ^[1]

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[1] Click here to access the entire press release: http://www.marketwire.com/press-release/GRNO-Reports-Morgan-Stanley-Forecasts-2010-Oil-to-Reach-95-per-Barrel-1131361.htm